LONDON MONEY MARKET
THE EFFECT OF TIGHTNESS
tPRESS ASSOCIATION.!
WELLINGTON, January 29.
The Wellington Harbor Board, under legislation passed last session, is empowered to borrow £1,000,000 in a single loan or a series of loans. It does not, however, propose to go on the London market for any money for some time, probably not this year. The Chairman of the Board (Mr T. M. Wilford), referring to this matter at yesterday's meeting of the Board, said it was well known that it was almost impossible at the present time to get money on good terms on the London market. He was authorised by the Board's banker (the National Bank) to state that in their opinion the time was not opportune for this purpose. If towards the end of the year the Board found there were good opportunities for floating a loan, the matter could be reconsidered.
Members of the Board concurred in the course suggested by the Chairman.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HNS19090129.2.38
Bibliographic details
Hawera & Normanby Star, Volume LVI, Issue LVI, 29 January 1909, Page 5
Word Count
158LONDON MONEY MARKET Hawera & Normanby Star, Volume LVI, Issue LVI, 29 January 1909, Page 5
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